House Approves Framework for Concessions and PPPs; Text Returns to Senate

COREN partners ICRC to enforce engineering regulations in PPP projects - Worldstage

WorldStage Newsonline– The Infrastructure Concession Regulatory Commission (ICRC) and the Council for the Regulation of Engineering in Nigeria (COREN) are partnering to enforce engineering regulations in Public-Private Partnership (PPP) projects in Nigeria. The Director-General of the ICRC, Dr Jobson Ewalefoh, said when a delegation of the Council led by its President, Prof. Sadiq Abubakar,  paid him a courtesy visit in Abuja on Thursday  that t…

For the President of the House, Mr Hugo Motta, the proposal will make a greater injection of resources in strategic areas for the country.

The Chamber of Deputies approved this Wednesday, the 7th, the new framework for concessions and public-private partnerships (PPPs), aiming to modernize the legislation and increase legal certainty for the extension and re-tendering of partnership contracts. The bill, which will be forwarded to the Senate, originally focused on reducing the minimum values for PPP contracts, but the current report introduced new guidelines without including these …

The main changes envisaged include the possibility of immediate recalibration of contracts in emergency situations such as climate disasters or unforeseen events.